Egypt’s Orascom Construction signs 900 MW wind power deal in Egypt with ENGIE, Aeolus

Orascom Construction, the Cairo-based company controlled by Egypt’s richest family, the Sawiris family, has signed a power purchase agreement (PPA) alongside ENGIE and Aeolus with the Egyptian Electricity Transmission Company (EETC) to develop a 900-megawatt onshore wind farm near Ras Shokeir, marking one of the largest renewable energy projects in Egypt’s history.

Structured under a 25-year Build-Own-Operate (BOO) model, the project provides ENGIE with long-term revenue visibility while reinforcing its strategic push into large-scale clean energy infrastructure across North Africa.

Scaling renewable capacity
The wind farm will be developed by a consortium comprising ENGIE (35%), Orascom Construction (25%), and Toyota Tsusho Corporation’s renewable platform Aeolus (40%). Orascom will execute civil and electrical balance-of-plant works while supplying selected local components.

Financial close is expected by the third quarter of 2026, with turbine deliveries scheduled for late 2026. The project will be rolled out in phases, with 300 MW expected online by December 2027 and full 900 MW capacity targeted for mid-2028.

Consortium strengthens renewable push
The project builds on the consortium’s track record in Egypt, including the 654 MW Red Sea Wind Energy project and the 262.5 MW Ras Ghareb wind farm, both delivered ahead of schedule and below budget.

“This project marks a new milestone for ENGIE in Egypt,” said Paulo Almirante, Senior Executive Vice President for Renewables & Flex Power. “With this 900 MW wind farm, we are reinforcing our role in Egypt’s energy transition while accelerating growth in a key market.”

Once completed, the facility will become ENGIE’s largest onshore wind farm globally, surpassing its Assuruá Wind Complex, and lifting its installed wind capacity in Egypt to nearly 2 gigawatts.

Strengthening Egypt’s energy transition
Founded in 1976 by the late Egyptian businessman Onsi Sawiris, Orascom Construction has grown into a prominent engineering and infrastructure company operating across the Middle East, Africa, and the United States.

The Sawiris family continues to hold a strong influence over the company through their private investment vehicle, OS Private Trust Company, which owns 54.86% of Orascom. In addition, Nassef Sawiris personally holds 42.36%, representing 46.7 million shares, keeping the company closely tied to its founding family.

For Egypt, the deal underscores growing investor confidence in its renewable energy ambitions, as the country scales up wind and solar capacity to diversify its energy mix, reduce reliance on fossil fuels, and position itself as a regional clean energy hub.